Christian Eriksen has endured a difficult year at Inter Milan having moved from Tottenham at the end of January 2020. Reuters
Christian Eriksen has endured a difficult year at Inter Milan having moved from Tottenham at the end of January 2020. Reuters
Christian Eriksen has endured a difficult year at Inter Milan having moved from Tottenham at the end of January 2020. Reuters
Christian Eriksen has endured a difficult year at Inter Milan having moved from Tottenham at the end of January 2020. Reuters

This dream is not for everyone - why Christian Eriksen, Diego Costa and Philippe Coutinho may be wary of moving in January


Ian Hawkey
  • English
  • Arabic

“This dream is not for everyone”. That was the punchline to the lavish video shot by Internazionale’s production specialists when they unveiled the most exciting of their several new signings in the 2020 winter transfer window.

The Milan opera house, La Scala, had been hired for the shoot, an orchestra played, and Christian Eriksen strode down the central aisle of the auditorium towards the stage. The dream was not for everyone, said the montage, with the implication the dream is only for talents as special as the gifted Dane.

Eriksen had been purchased for what Inter considered a bargain €20 million ($24.5m). He was the new year’s hot property, having let his contract at Tottenham Hotspur run into its last year, so he would be free in June 2020. Spurs accepted the offer late in the January. Inter had captured in Eriksen a genuine superstar, still only 27, so with several peak years ahead of him given the attacking midfield position he plays.

As every other major club around Europe has now been told from Inter’s offices, Eriksen is the standout footballing property on the market this January, too. The club who bought him for what looked a snip 12 months ago would not baulk if they could just recoup their costs in a sale before this winter window closes. A turbulent year in the game’s economy has lowered market values generally. A very poor year in the career of Eriksen means he and Inter see an exit as best for both parties.

This dream is not for everyone: You could apply the phrase to all mid-season transfers. Sometimes they work beautifully, as Bruno Fernandes did for Manchester United, or Erling Haaland for Borussia Dortmund. But any player joining a new club where hierarchies are established, routines set, faces extra challenges, and, although the Eriksen case is an extreme portrait of how fast hopes can diminish, the prominent footballers on the market in 2021’s first window includes a few who are there because previous winter moves worked out badly.

There’s Eriksen, who made a tepid start at Inter and by the summer was more and more absent from head coach Antonio Conte’s plans. Inter may have imagined he was a low-risk recruit when he signed a four-year contract and dressed up for his La Scala show - that if he didn’t adapt they could then sell a widely-admired playmaker still in his 20s for a profit. The pandemic-driven recession makes them doubt that.

_________________________________

21 transfers on the cards for January 2021

  • 1). Lionel Messi. No player will generate more transfer speculation in January than Barcelona’s Argentine superstar. Messi attempted to engineer an exit during the delayed off-season but there was debate over the validity of the exit clause in his contract. Since then, Barca have hardly done much to convince their captain to sign a new deal, with the club struggling in La Liga. It would be astounding if Messi left in January, but he will be free to discuss terms with other clubs. Where he could end up looks to be down to just a few options. Potential destinations: Manchester City and Paris Saint-Germain. AP
    1). Lionel Messi. No player will generate more transfer speculation in January than Barcelona’s Argentine superstar. Messi attempted to engineer an exit during the delayed off-season but there was debate over the validity of the exit clause in his contract. Since then, Barca have hardly done much to convince their captain to sign a new deal, with the club struggling in La Liga. It would be astounding if Messi left in January, but he will be free to discuss terms with other clubs. Where he could end up looks to be down to just a few options. Potential destinations: Manchester City and Paris Saint-Germain. AP
  • 2). Paul Pogba. Close behind Messi on the transfer rumour mill will surely be Manchester United’s French midfielder. His agent made it abundantly clear that his client is desperate to leave Old Trafford and it would be in everyone’s best interests to make that move happen. While he has so far struggled to justify his £100m transfer fee, Pogba remains a coveted and highly-rated player. Potential destinations: Juventus, Real Madrid, PSG. AFP
    2). Paul Pogba. Close behind Messi on the transfer rumour mill will surely be Manchester United’s French midfielder. His agent made it abundantly clear that his client is desperate to leave Old Trafford and it would be in everyone’s best interests to make that move happen. While he has so far struggled to justify his £100m transfer fee, Pogba remains a coveted and highly-rated player. Potential destinations: Juventus, Real Madrid, PSG. AFP
  • 3). David Alaba. Bayern Munich’s Austrian defender looks destined to leave the Bundesliga champions after a breakdown in talks over a new deal. At 28, Alaba, who operates at both left- and centre-back, is in his prime and is sure to attract plenty of interest from big European clubs. A January move could be on the cards or could be a time when Alaba confirms his next employer for next season. Potential destinations: Manchester United, Barcelona, Real Madrid, Inter Milan, Chelsea. Getty Images
    3). David Alaba. Bayern Munich’s Austrian defender looks destined to leave the Bundesliga champions after a breakdown in talks over a new deal. At 28, Alaba, who operates at both left- and centre-back, is in his prime and is sure to attract plenty of interest from big European clubs. A January move could be on the cards or could be a time when Alaba confirms his next employer for next season. Potential destinations: Manchester United, Barcelona, Real Madrid, Inter Milan, Chelsea. Getty Images
  • 4). Memphis Depay. Lyon’s Dutch forward was on the brink of joining Barcelona on deadline day in the summer, but the move ultimately fell through. As Depay enters the final six months of his contract, it’s widely expected that Barca will revive their interest and seek a cut-price deal in January. Potential destinations: Barcelona. EPA
    4). Memphis Depay. Lyon’s Dutch forward was on the brink of joining Barcelona on deadline day in the summer, but the move ultimately fell through. As Depay enters the final six months of his contract, it’s widely expected that Barca will revive their interest and seek a cut-price deal in January. Potential destinations: Barcelona. EPA
  • 5). Georginio Wijnaldum. Amid Liverpool’s rush to tie first-team players to new contracts over the past year, the Dutch midfielder has been the one notable exception. Wijnaldum is a key player for the Premier League champions but negotiations over a new deal have reportedly broken down over his desire for a four-year contract. It could pave the way for Wijnaldum to leave Anfield in January, or at the least agree terms with another club. Potential destinations: Barcelona, Inter Milan. AFP
    5). Georginio Wijnaldum. Amid Liverpool’s rush to tie first-team players to new contracts over the past year, the Dutch midfielder has been the one notable exception. Wijnaldum is a key player for the Premier League champions but negotiations over a new deal have reportedly broken down over his desire for a four-year contract. It could pave the way for Wijnaldum to leave Anfield in January, or at the least agree terms with another club. Potential destinations: Barcelona, Inter Milan. AFP
  • 6). Florian Thauvin. Newcastle fans will remember the French forward unfavourably but he has been a star for Marseille since his move to the south of France in 2017. However, his future looks set to be away from the Velodrome, with AC Milan admitting their interest. The Serie A side will reportedly face competition from La Liga’s Sevilla. Potential destinations: AC Milan, Sevilla. AFP
    6). Florian Thauvin. Newcastle fans will remember the French forward unfavourably but he has been a star for Marseille since his move to the south of France in 2017. However, his future looks set to be away from the Velodrome, with AC Milan admitting their interest. The Serie A side will reportedly face competition from La Liga’s Sevilla. Potential destinations: AC Milan, Sevilla. AFP
  • 7). Angel Di María. The Argentine attacking midfielder has been a stalwart for PSG but has recently been dropped over a loss of form. As Di Maria enters the final six months of his contract, his future appears elsewhere, with two Serie A giants reportedly interested. Potential destinations: Juventus, Inter Milan. AFP
    7). Angel Di María. The Argentine attacking midfielder has been a stalwart for PSG but has recently been dropped over a loss of form. As Di Maria enters the final six months of his contract, his future appears elsewhere, with two Serie A giants reportedly interested. Potential destinations: Juventus, Inter Milan. AFP
  • 8). Hakan Calhanoglu. AC Milan are said to be growing increasingly concerned that the Turkish midfielder has yet to sign an extension to the contract that expires next summer. Should the stand-off continue into January, there is one Premier League club who are, according to reports, ready to make a move. Potential destinations: Manchester United. Getty Images
    8). Hakan Calhanoglu. AC Milan are said to be growing increasingly concerned that the Turkish midfielder has yet to sign an extension to the contract that expires next summer. Should the stand-off continue into January, there is one Premier League club who are, according to reports, ready to make a move. Potential destinations: Manchester United. Getty Images
  • 9). Julian Draxler. A perennial squad player for much of his time at PSG, the German winger looks set to leave when his contract expires at the end of the season. There is also a possibility that he could depart in January, with reports claiming two clubs are interested in signing Draxler during the mid-season window. Potential destinations: Sevilla, Hertha Berlin. Reuters
    9). Julian Draxler. A perennial squad player for much of his time at PSG, the German winger looks set to leave when his contract expires at the end of the season. There is also a possibility that he could depart in January, with reports claiming two clubs are interested in signing Draxler during the mid-season window. Potential destinations: Sevilla, Hertha Berlin. Reuters
  • 10). Eric Garcia. Like Depay, Manchester City’s Spanish defender was also on the verge of joining Barcelona in the summer. Having started the season with his share of match action, Garcia has slipped down the pecking order following the arrival of Ruben Dias. Injury has also hampered his cause. With his contract running down, Barca could look to secure a deal in January. Potential destinations: Barcelona. Getty Images
    10). Eric Garcia. Like Depay, Manchester City’s Spanish defender was also on the verge of joining Barcelona in the summer. Having started the season with his share of match action, Garcia has slipped down the pecking order following the arrival of Ruben Dias. Injury has also hampered his cause. With his contract running down, Barca could look to secure a deal in January. Potential destinations: Barcelona. Getty Images
  • 11). Riqui Puig. Not long ago, the young Spanish midfielder was expected to form the future of Barcelona, but Puig has failed to impress manager Ronald Koeman. As his contract enters its last six months, reports say a move to the Premier League could happen, although the Barcelona hierarchy might step in and block any potential exit. Potential destinations: Leeds United. Getty Images
    11). Riqui Puig. Not long ago, the young Spanish midfielder was expected to form the future of Barcelona, but Puig has failed to impress manager Ronald Koeman. As his contract enters its last six months, reports say a move to the Premier League could happen, although the Barcelona hierarchy might step in and block any potential exit. Potential destinations: Leeds United. Getty Images
  • 12). Joshua King. One of Bournemouth’s stars during their stint in the Premier League remained at the club following relegation, but his future looks set to be back in the top-flight with two clubs linked with making a move for the Norwegian forward, who is in the final year of his contract. Potential destinations: West Ham, Newcastle. Reuters
    12). Joshua King. One of Bournemouth’s stars during their stint in the Premier League remained at the club following relegation, but his future looks set to be back in the top-flight with two clubs linked with making a move for the Norwegian forward, who is in the final year of his contract. Potential destinations: West Ham, Newcastle. Reuters
  • 13). Christian Eriksen. The Danish playmaker’s “dream” move to Inter Milan has quickly turned into a nightmare and if recent comments are to be believed, Eriksen will leave the San Siro in January. There has been plenty of speculation regarding Eriksen’s next destination, much of it focused on a return to the Premier League. Potential destinations: Manchester United, Arsenal. Getty Images
    13). Christian Eriksen. The Danish playmaker’s “dream” move to Inter Milan has quickly turned into a nightmare and if recent comments are to be believed, Eriksen will leave the San Siro in January. There has been plenty of speculation regarding Eriksen’s next destination, much of it focused on a return to the Premier League. Potential destinations: Manchester United, Arsenal. Getty Images
  • 14). Yves Bissouma. The Ivory Coast midfielder has been one of the few positives in a drab season for Brighton & Hove Albion, and his performances have reportedly been noticed by some big clubs. Brighton will be loath to lose one of their star players in the middle of a season that’s shaping up to be a relegation dogfight but, then again, money talks. Potential destinations: Manchester United, Liverpool, Real Madrid. Reuters
    14). Yves Bissouma. The Ivory Coast midfielder has been one of the few positives in a drab season for Brighton & Hove Albion, and his performances have reportedly been noticed by some big clubs. Brighton will be loath to lose one of their star players in the middle of a season that’s shaping up to be a relegation dogfight but, then again, money talks. Potential destinations: Manchester United, Liverpool, Real Madrid. Reuters
  • 15). Philippe Coutinho. Another dream move that quickly turned sour, the Brazilian midfielder’s time at Barcelona has fallen short of expectations. With the club in a desperate financial situation, they are reportedly eager to cut their losses and sell Coutinho in January. Suitors may be an issue, though, given his wage demands. Still, there have been some clubs linked. Potential destinations: Arsenal, Juventus. EPA
    15). Philippe Coutinho. Another dream move that quickly turned sour, the Brazilian midfielder’s time at Barcelona has fallen short of expectations. With the club in a desperate financial situation, they are reportedly eager to cut their losses and sell Coutinho in January. Suitors may be an issue, though, given his wage demands. Still, there have been some clubs linked. Potential destinations: Arsenal, Juventus. EPA
  • 16). Mesut Ozil. It's been a disastrous season for both player and club as Arsenal continue to slide while the German playmaker sits idly at home, excluded from their Premier League squad. Manager Mikel Arteta could look to reintegrate Ozil in January but would rather sell Arsenal’s highest-paid player. That might be easier said than done. Potential destinations: Fenerbahce. Getty Images
    16). Mesut Ozil. It's been a disastrous season for both player and club as Arsenal continue to slide while the German playmaker sits idly at home, excluded from their Premier League squad. Manager Mikel Arteta could look to reintegrate Ozil in January but would rather sell Arsenal’s highest-paid player. That might be easier said than done. Potential destinations: Fenerbahce. Getty Images
  • 17). Divock Origi. The Belgian forward has never been central to Jurgen Klopp’s plans and his place in the pecking order has fallen further since the arrival of Diogo Jota. Reports have emerged claiming he could be set for a January exit. Potential destinations: Wolves, West Ham. Reuters
    17). Divock Origi. The Belgian forward has never been central to Jurgen Klopp’s plans and his place in the pecking order has fallen further since the arrival of Diogo Jota. Reports have emerged claiming he could be set for a January exit. Potential destinations: Wolves, West Ham. Reuters
  • 18). Arkadiusz Milik. The Polish striker has been one of Napoli’s most consistent performers since his arrival in 2016, either side of a season-ending ACL injury. However, Milik has been excluded from the squad this season after refusing to sign a new contract and a January exit appears inevitable. According to reports, there will be no shortage of takers. Potential destinations: Everton, Atletico Madrid, Juventus. Getty Images
    18). Arkadiusz Milik. The Polish striker has been one of Napoli’s most consistent performers since his arrival in 2016, either side of a season-ending ACL injury. However, Milik has been excluded from the squad this season after refusing to sign a new contract and a January exit appears inevitable. According to reports, there will be no shortage of takers. Potential destinations: Everton, Atletico Madrid, Juventus. Getty Images
  • 19). Sami Khedira. The veteran German midfielder has found game time limited at Juventus this season, and with his contract winding down, reports claim a surprise move to the Premier League, and a reunion with a former manager, could come about in January. Potential destinations: Everton. Getty Images
    19). Sami Khedira. The veteran German midfielder has found game time limited at Juventus this season, and with his contract winding down, reports claim a surprise move to the Premier League, and a reunion with a former manager, could come about in January. Potential destinations: Everton. Getty Images
  • 20). Dele Alli. Tottenham’s English midfielder has seen his influence diminish this season due to a loss of form and rumours persist that he could leave the Premier League club in January. A loan with an option to buy looks more likely at this stage. Potential destinations: Everton, PSG. AFP
    20). Dele Alli. Tottenham’s English midfielder has seen his influence diminish this season due to a loss of form and rumours persist that he could leave the Premier League club in January. A loan with an option to buy looks more likely at this stage. Potential destinations: Everton, PSG. AFP
  • 21). Patrick van Aanholt. The Dutch full-back may be one of the most underrated players in the Premier League, and with his Crystal Palace contract set to expire next summer, speculation suggests he could be on the move in January. It would be a big blow to Palace. Potential destinations: Ajax. Getty Images
    21). Patrick van Aanholt. The Dutch full-back may be one of the most underrated players in the Premier League, and with his Crystal Palace contract set to expire next summer, speculation suggests he could be on the move in January. It would be a big blow to Palace. Potential destinations: Ajax. Getty Images

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Besides, Inter know only too well how a misjudged winter transfer can devalue a footballer. They could just ask Alexis Sanchez, a Premier League hero when he left Arsenal in January 2018 to join Manchester United; available to Inter, who eventually signed him for free, the following year when United wanted to be rid of a player who almost never clicked at Old Trafford.

Diego Costa, 32, is available this January, too, having cut his ties with Atletico Madrid. Once upon a time he was their main man, the combative essence of Diego Simeone’s team. When he re-registered with Atletico from Chelsea three Januarys ago, it looked a shrewd reunion. But he had missed a lot of football in the previous six months, so there was some awkwardness in his mid-season arrival. Injuries, illnesses and fallouts have since knocked him down the pecking order. Atletico will bid him a bittersweet good-bye. The last six months have eroded much of the goodwill between club, head coach and player.

Atletico Madrid have announced they have agreed to terminate Diego Costa’s contract due to personal reasons. PA
Atletico Madrid have announced they have agreed to terminate Diego Costa’s contract due to personal reasons. PA

Then there’s Philippe Coutinho, who like Eriksen and Diego Costa, thrived in English football. That’s why Barcelona were ready to stake a record club fee on prising him from Liverpool. Ideally, they would have bought him in the summer of 2017. A tough negotiating stance at Anfield meant the talks, amid Coutinho’s own pressure to leave, dragged on.

He finally moved, for well over €150m, in January 2018. By the middle of that year, he was being booed by sections of Camp Nou. By 2019, he was on loan at Bayern Munich, where he had the contradictory experience of winning a treble, mainly from off the bench, and being told there was no interest at Bayern in signing him permanently. Barcelona could not shift the Brazilian and his vast salary last summer. They then lost much of their hope of doing so this winter when he picked up a knee injury that leaves him out of action until at least March.

COMPANY%20PROFILE
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The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

Boulder shooting victims

• Denny Strong, 20
• Neven Stanisic, 23
• Rikki Olds, 25
• Tralona Bartkowiak, 49
• Suzanne Fountain, 59
• Teri Leiker, 51
• Eric Talley, 51
• Kevin Mahoney, 61
• Lynn Murray, 62
• Jody Waters, 65

Story%20behind%20the%20UAE%20flag
%3Cp%3EThe%20UAE%20flag%20was%20first%20unveiled%20on%20December%202%2C%201971%2C%20the%20day%20the%20UAE%20was%20formed.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIt%20was%20designed%20by%20Abdullah%20Mohammed%20Al%20Maainah%2C%2019%2C%20an%20Emirati%20from%20Abu%20Dhabi.%C2%A0%3C%2Fp%3E%0A%3Cp%3EMr%20Al%20Maainah%20said%20in%20an%20interview%20with%20%3Cem%3EThe%20National%3C%2Fem%3E%20in%202011%20he%20chose%20the%20colours%20for%20local%20reasons.%C2%A0%3C%2Fp%3E%0A%3Cp%3EThe%20black%20represents%20the%20oil%20riches%20that%20transformed%20the%20UAE%2C%20green%20stands%20for%20fertility%20and%20the%20red%20and%20white%20colours%20were%20drawn%20from%20those%20found%20in%20existing%20emirate%20flags.%3C%2Fp%3E%0A
The specs: 2018 Renault Koleos

Price, base: From Dh77,900
Engine: 2.5L, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 170hp @ 6,000rpm
Torque: 233Nm @ 4,000rpm
Fuel economy, combined: 8.3L / 100km

Book%20Details
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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

On Instagram: @WithHopeUAE

Although social media can be harmful to our mental health, paradoxically, one of the antidotes comes with the many social-media accounts devoted to normalising mental-health struggles. With Hope UAE is one of them.
The group, which has about 3,600 followers, was started three years ago by five Emirati women to address the stigma surrounding the subject. Via Instagram, the group recently began featuring personal accounts by Emiratis. The posts are written under the hashtag #mymindmatters, along with a black-and-white photo of the subject holding the group’s signature red balloon.
“Depression is ugly,” says one of the users, Amani. “It paints everything around me and everything in me.”
Saaed, meanwhile, faces the daunting task of caring for four family members with psychological disorders. “I’ve had no support and no resources here to help me,” he says. “It has been, and still is, a one-man battle against the demons of fractured minds.”
In addition to With Hope UAE’s frank social-media presence, the group holds talks and workshops in Dubai. “Change takes time,” Reem Al Ali, vice chairman and a founding member of With Hope UAE, told The National earlier this year. “It won’t happen overnight, and it will take persistent and passionate people to bring about this change.”

UAE-based players

Goodlands Riders: Jamshaid Butt, Ali Abid, JD Mahesh, Vibhor Shahi, Faizan Asif, Nadeem Rahim

Rose Hill Warriors: Faraz Sheikh, Ashok Kumar, Thabreez Ali, Janaka Chathuranga, Muzammil Afridi, Ameer Hamza

Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

The bio

Favourite vegetable: Broccoli

Favourite food: Seafood

Favourite thing to cook: Duck l'orange

Favourite book: Give and Take by Adam Grant, one of his professors at University of Pennsylvania

Favourite place to travel: Home in Kuwait.

Favourite place in the UAE: Al Qudra lakes

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

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Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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The Details

Article 15
Produced by: Carnival Cinemas, Zee Studios
Directed by: Anubhav Sinha
Starring: Ayushmann Khurrana, Kumud Mishra, Manoj Pahwa, Sayani Gupta, Zeeshan Ayyub
Our rating: 4/5 

The biog

Year of birth: 1988

Place of birth: Baghdad

Education: PhD student and co-researcher at Greifswald University, Germany

Hobbies: Ping Pong, swimming, reading

 

 

The specs

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Director: Laila Abbas

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Day 2 at Mount Maunganui

England 353

Stokes 91, Denly 74, Southee 4-88

New Zealand 144-4

Williamson 51, S Curran 2-28

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The British in India: Three Centuries of Ambition and Experience

by David Gilmour

Allen Lane

UAE currency: the story behind the money in your pockets
Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”